As at the end of 3rd Quarter 2019, there was a total supply of about 738,000 sq m GFA of office space in the pipeline, compared with the 732,000 sq m GFA of office space in the pipeline in the previous quarter (see Annexes E-1 & E-2).

Stock and Vacancy

The amount of occupied office space increased by 71,000 sq m (nett) in 3rd Quarter 2019, compared with the increase of 35,000 sq m (nett) in the previous quarter. The stock of office space decreased by 4,000 sq m (nett) in 3rd Quarter 2019, compared with the increase of 7,000 sq m (nett) in the previous quarter. As a result, the island-wide vacancy rate of office space declined to 10.6% as at the end of 3rd Quarter 2019, from 11.5% as at the end of the previous quarter (see Annexes A-5 & E-1).

Office Spaces Singapore was established since 2013 to help companies with their office search. We act as an independent tenants’ advisor in the Singapore office leasing market to help companies find the right office space.

Our mission is to make it easy for all companies to find the perfect work space to suit their business needs at every stage of growth.